Subject: Re: 22 years of underwriting earnings
Some sharp-eyed reader noticed an error in the table, with 2002 showing 1618 in earnings on 21493 in premiums written, but 0.0% as a percentage when it should have been 7.5%; same problem for 2002, where the correct earnings (-400) and premiums (19182) are in the table but the 0.0% percentage should have been -2.1%. Fortunately the average I posted (3.21%) is the correct number, so nothing else in the post needs to be changed.
Formating columns of data in this website (and in the previous Fool version) is a bit of a hassle, and I seem to have wiped out those 2 percentages while I was inserting the right number of spaces to get all the columnns to line up. Sorry about that, and thanks for the correction to the eagle-eyed reader who pointed it out to me. (Since said board member didn't post to the boards, I won't say who it was, in case he/she prefers to remain anonymois...) And the day some programming genius can find a way of copying excel cells directly into a text format, that would be a very welcome improvement. Now that we've been spoiled to expect miracles, with many thanks to Manlobbi!
dtb